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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jan. 30, 2016	Apr. 08, 2016	May 02, 2015
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jan. 30, 2016
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY
Trading Symbol	OLLI
Entity Registrant Name	Ollie's Bargain Outlet Holdings, Inc.
Entity Central Index Key	0001639300
Current Fiscal Year End Date	--01-30
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		59,954,240
Entity Public Float			$ 0

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015
Current assets:
Cash and cash equivalents	$ 30,259	$ 21,952
Inventories	190,608	169,872
Accounts receivable	183	318
Deferred income taxes		4,166
Prepaid expenses and other assets	2,756	1,969
Total current assets	223,806	198,277
Property and equipment, net of accumulated depreciation of $28,270 and $19,403, respectively	39,292	33,926
Goodwill	444,850	444,850
Trade name and other intangible assets, net of accumulated amortization of $1,259 and $1,060, respectively	233,354	233,625
Other assets	4,023	6,453
Total assets	945,325	917,131
Current liabilities:
Current portion of long-term debt	5,018	7,794
Accounts payable	52,075	50,498
Income taxes payable	4,102	4,702
Accrued expenses	35,573	27,640
Total current liabilities	96,768	90,634
Revolving credit facility	0	0
Long-term debt	194,936	313,493
Deferred income taxes	87,171	93,256
Other long-term liabilities	4,501	2,913
Total liabilities	383,376	500,296
Stockholders' equity:
Preferred stock - 50,000 and 0 shares authorized, respectively, at $0.001 par value; no shares issued
Common stock, Value	59
Additional paid-in capital	536,315	393,078
Retained earnings	25,661	23,738
Treasury - common stock, at cost; 9 and 3 shares, respectively	(86)	(29)
Total stockholders' equity	561,949	416,835
Total liabilities and stockholders' equity	945,325	917,131
Common Stock Class A [Member]
Stockholders' equity:
Common stock, Value		48
Common Stock Class B [Member]
Stockholders' equity:
Common stock, Value

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015
Property and equipment, accumulated depreciation	$ 28,270	$ 19,403
Trade name and other intangible assets, accumulated amortization	$ 1,259	$ 1,060
Preferred stock, Shares authorized	50,000,000	0
Preferred stock, Par value	$ 0.001	$ 0.001
Preferred stock, Shares issued	0	0
Common stock, Shares authorized	500,000,000	0
Common stock, Par value	$ 0.001	$ 0.001
Common stock, Shares issued	58,807,000	0
Treasury stock, Shares	9,000	3,000
Common Stock Class A [Member]
Common stock, Shares authorized	0	85,000,000
Common stock, Par value	$ 0.001	$ 0.001
Common stock, Shares issued	0	48,203,000
Common Stock Class B [Member]
Common stock, Shares authorized	0	8,750,000
Common stock, Par value	$ 0.001	$ 0.001
Common stock, Shares issued	0	0

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 30, 2016	Oct. 31, 2015	Aug. 01, 2015	May 02, 2015	Jan. 31, 2015	Nov. 01, 2014	Aug. 02, 2014	May 03, 2014	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Income Statement [Abstract]
Net sales	$ 243,402	$ 174,565	$ 181,933	$ 162,470	$ 200,665	$ 150,005	$ 152,910	$ 134,395	$ 762,370	$ 637,975	$ 540,718
Cost of sales									459,506	384,465	323,908
Gross profit	98,839	69,924	70,058	64,043	79,308	59,595	59,192	55,415	302,864	253,510	216,810
Selling, general and administrative expenses									209,783	178,832	153,807
Depreciation and amortization expenses									7,172	6,987	8,011
Pre-opening expenses									6,337	4,910	4,833
Operating income									79,572	62,781	50,159
Interest expense, net									15,416	18,432	17,493
Loss on extinguishment of debt									6,710	671	1,848
Income before income taxes									57,446	43,678	30,818
Income tax expense									21,607	16,763	11,277
Net income	$ 16,064	$ 6,762	$ 6,352	$ 6,661	$ 12,008	$ 4,851	$ 5,728	$ 4,328	$ 35,839	$ 26,915	$ 19,541
Earnings per common share:
Basic	$ 0.27	$ 0.12	$ 0.13	$ 0.14	$ 0.25	$ 0.10	$ 0.12	$ 0.09	$ 0.67	$ 0.56	$ 0.40
Diluted	$ 0.26	$ 0.11	$ 0.12	$ 0.13	$ 0.24	$ 0.10	$ 0.12	$ 0.09	$ 0.64	$ 0.55	$ 0.40
Weighted average common shares outstanding:
Basic									53,835	48,202	48,519
Diluted									55,796	48,609	48,519

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Common Stock Class A [Member] Common Stock [Member]
Beginning Balance at Feb. 02, 2013	$ 467,356			$ 463,698	$ 3,605	$ 53
Beginning Balance, shares at Feb. 02, 2013						53,203,000
Stock-based compensation expense	3,440			3,440
Repurchase of common stock	(46,198)			(43,470)	(2,723)	$ (5)
Repurchase of common stock, shares						(5,000,000)
Net income	19,541				19,541
Ending Balance at Feb. 01, 2014	444,139			423,668	20,423	$ 48
Ending Balance, shares at Feb. 01, 2014						48,203,000
Stock-based compensation expense	3,761			3,761
Dividend paid	(57,951)			(34,351)	(23,600)
Purchase of treasury stock	(29)		$ (29)
Purchase of treasury stock, shares			(3,000)
Net income	26,915				26,915
Ending Balance at Jan. 31, 2015	416,835		$ (29)	393,078	23,738	$ 48
Ending Balance, shares at Jan. 31, 2015			(3,000)			48,203,000
Stock-based compensation expense	5,035			5,035
Proceeds from stock options exercised	$ 2,271	$ 1		2,270
Proceeds from stock options exercised, shares	339,650	335,000				5,000
Excess tax benefit related to exercises of stock options	$ 1,068			1,068
Conversion of Class A and Class B common stock to a single class of common stock		$ 48				$ (48)
Conversion of Class A and Class B common stock to a single class of common stock, shares		48,208,000				(48,208,000)
Proceeds from issuance of common stock, net of expenses	149,806	$ 10		149,796
Proceeds from issuance of common stock, net of expenses, shares		10,264,000
Dividend paid	(48,848)			(14,932)	(33,916)
Purchase of treasury stock	(57)		$ (57)
Purchase of treasury stock, shares			(6,000)
Net income	35,839				35,839
Ending Balance at Jan. 30, 2016	$ 561,949	$ 59	$ (86)	$ 536,315	$ 25,661
Ending Balance, shares at Jan. 30, 2016		58,807,000	(9,000)

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015
Statement of Stockholders' Equity [Abstract]
Dividends paid, per share	$ 1.01	$ 1.20

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Cash flows from operating activities:
Net income	$ 35,839	$ 26,915	$ 19,541
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	8,913	8,051	8,104
Amortization of debt issuance costs	1,273	1,471	1,403
Amortization of original issue discount	436	579	643
Loss on extinguishment of debt	6,710	671	1,848
Amortization of intangibles	428	734	1,387
Gain on disposal of assets		(14)	(28)
Deferred income tax benefit	(1,731)	(3,419)	(3,213)
Deferred rent expense	1,873	1,144	1,268
Stock-based compensation expense	5,035	3,761	3,440
Excess tax benefit related to exercises of stock options	(1,068)
Changes in operating assets and liabilities:
Inventories	(20,736)	(23,654)	(20,598)
Accounts receivable	135	21	(62)
Prepaid expenses and other assets	(730)	3,220	(446)
Accounts payable	1,543	13,113	321
Income taxes payable	468	(2,330)	3,425
Accrued expenses and other liabilities	7,460	1,579	2,680
Net cash provided by operating activities	45,848	31,842	19,713
Cash flows from investing activities:
Purchases of property and equipment	(14,203)	(14,110)	(9,597)
Acquisition of intangible assets	(157)
Proceeds from sale of property and equipment	23	103	43
Net cash used in investing activities	(14,337)	(14,007)	(9,554)
Cash flows from financing activities:
Borrowings on revolving credit facility	858,053	674,457	471,891
Repayments on revolving credit facility	(858,053)	(674,457)	(471,891)
Borrowings on term loan	200,000	59,592	47,756
Repayments on term loan and capital leases	(324,076)	(7,612)	(2,750)
Proceeds from issuance of common stock, net of expenses	149,806
Proceeds from stock option exercises	2,271
Excess tax benefit related to exercises of stock options	1,068
Payment of debt issuance costs	(3,368)	(2,049)	(1,401)
Payment of dividend	(48,848)	(57,951)
Repurchase of common stock			(46,198)
Purchase of treasury stock	(57)	(29)
Net cash used in financing activities	(23,204)	(8,049)	(2,593)
Net increase in cash and cash equivalents	8,307	9,786	7,566
Cash and cash equivalents at the beginning of the period	21,952	12,166	4,600
Cash and cash equivalents at the end of the period	30,259	21,952	12,166
Supplemental disclosure of cash flow information:
Interest	13,829	19,867	13,355
Income taxes	22,824	22,703	11,096
Non-cash investing activities:
Accrued purchases of property and equipment	$ 402	$ 437	$ 458

Organization and Summary of Significant Accounting Policies

12 Months Ended

Jan. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Summary of Significant Accounting Policies

(1)

Organization and Summary of Significant Accounting Policies

(a)

Description of Business

On September 28, 2012, Ollie’s Bargain Outlet Holdings, Inc. (formerly known as Bargain Holdings, Inc.) acquired Bargain Parent, Inc. and its subsidiary Ollie’s Holdings, Inc. and its sole operating subsidiary, Ollie’s Bargain Outlet, Inc. for $700.0 million in cash. The acquisition was financed through approximately $462.6 million in equity investment and approximately $250.0 million in various debt financing and Bargain Holdings, Inc. was formed to complete the acquisition by its majority shareholder, CCMP Capital Advisors, LLC and affiliates. On March 23, 2015, Bargain Holdings, Inc. changed its name to Ollie’s Bargain Outlet Holdings, Inc.

Ollie’s Bargain Outlet Holdings, Inc. and subsidiaries are collectively referenced to as the Company or Ollie’s.

Since the first store opened in 1982, the Company has grown to 203 Ollie’s Bargain Outlet retail locations as of January 30, 2016. Ollie’s Bargain Outlet retail locations are currently located in 17 states (Alabama, Connecticut, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia).

Ollie’s principally buys overproduced, overstocked, and closeout merchandise from manufacturers, wholesalers, and other retailers. In addition, the Company augments its name-brand closeout deals with directly sourced private label products featuring names exclusive to Ollie’s, in order to provide consistently value-priced goods in select key merchandise categories.

Stock split

On June 17, 2015, the Company effected a stock split of its common stock at a ratio of 115 shares for every share previously held. All common stock share and common stock per share amounts for all periods presented in these financial statements have been adjusted retroactively to reflect the stock split.

Initial Public Offering

On July 15, 2015, the Company priced its initial public offering (“IPO”) of 8,925,000 shares of its common stock. In addition, on July 17, 2015, the underwriters of the IPO exercised their option to purchase an additional 1,338,750 shares of common stock from the Company. As a result, 10,263,750 shares of common stock were issued and sold by the Company at a price of $16.00 per share.

As a result of the IPO, the Company received net proceeds of $153.1 million, after deducting the underwriting fees of $11.1 million. The Company used the net proceeds from the IPO to pay off outstanding borrowings under the Revolving Credit Facility and a portion of the outstanding principal balance of the Term Loan. See Note 5, “Debt Obligations and Financing Arrangements.”

(b)

Fiscal Year

Ollie’s follows a 52/53-week fiscal year, which ends on the Saturday nearest to January 31st. References to the fiscal year ended January 30, 2016 refer to the period from February 1, 2015 to January 30, 2016 (“Fiscal 2015”). References to the fiscal year ended January 31, 2015 refer to the period from February 2, 2014 to January 31, 2015 (“Fiscal 2014”). References to the fiscal year end February 1, 2014 refer to the period from February 3, 2013 to February 1, 2014 (“Fiscal 2013”).

(c)

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany transactions have been eliminated in consolidation.

(d)

Use of Estimates

The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

(e)

Fair Value Disclosures

Fair value is defined as the price which the Company would receive to sell an asset or pay to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. In determining fair value, U.S. GAAP establishes a three-level hierarchy used in measuring fair value, as follows:

•

Level 1 inputs are quoted prices available for identical assets and liabilities in active markets.

•

Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets or other inputs that are observable or can be corroborated by observable market data.

•

Level 3 inputs are less observable and reflect the Company’s assumptions.

Ollie’s financial instruments consist of cash, accounts receivable, accounts payable and the Company’s term loan. The carrying amount of cash, accounts receivable and accounts payable approximates fair value because of their short maturities. The carrying amount of the Company’s term loan facility approximates its fair value because the interest rates are adjusted regularly based on current market conditions.

(f)

Cash and Cash Equivalents

The Company considers cash on hand in stores, bank deposits, credit card receivables, and all highly liquid investments with remaining maturities of three months or less at the date of acquisition to be cash and cash equivalents. Amounts receivable from credit card issuers are typically converted to cash within one to two business days of the original sales transaction.

(g)

Concentration of Credit Risk

Financial instruments which potentially subject the Company to a concentration of credit risk are cash. Ollie’s currently maintains its day-to-day operating cash balances with major financial institutions. The Company’s operating cash balances are in excess of the Federal Deposit Insurance Corporation (FDIC) insurance limit. From time to time, Ollie’s invests temporary excess cash in overnight investments with expected minimal volatility, such as money market funds. Although the Company maintains balances which exceed the FDIC insured limit, it has not experienced any losses related to this balance, and Ollie’s believes the credit risk to be minimal.

(h)

Inventories

Inventories are stated at the lower of cost or market determined using the retail inventory method on a first-in, first-out basis. The cost of inventories includes the merchandise cost, transportation costs, and certain distribution and storage costs. Such costs are thereafter expensed as cost of sales upon the sale of the merchandise. The retail inventory method uses estimates for shrink and markdowns to calculate ending inventory. These estimates made by management could significantly impact the ending inventory valuation at cost and the resulting gross margin.

(i)

Property and Equipment

Property and equipment are stated at original cost less accumulated depreciation and amortization. Depreciation and amortization are calculated over the estimated useful lives of the related assets, or in the case of leasehold improvements, the lesser of the useful lives or the remaining term of the lease. Expenditures for additions, renewals, and betterments are capitalized; expenditures for maintenance and repairs are charged to expense as incurred. Depreciation is computed on the straight-line method for financial reporting purposes.

The useful lives for the purpose of computing depreciation and amortization are as follows:


Software		3 years
Automobiles		5 years
Computer equipment		5 years
Furniture, fixtures, and equipment		7-10 years
Leasehold improvements		Lesser of lease term or useful life

(j)

Goodwill/Intangible Assets

The Company amortizes intangible assets over their useful lives unless it determines such lives to be indefinite. Goodwill and intangible assets having indefinite useful lives are not amortized to earnings, but instead are subject to annual impairment testing or more frequently if events or circumstances indicate that the value of goodwill or intangible assets having indefinite useful lives might be impaired.

Entities have an option to perform a qualitative assessment to determine whether further impairment testing on goodwill is necessary. Specifically, an entity has the option to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative test. The goodwill quantitative impairment test is a two-step test. Under the first step, the fair value of the reporting unit is compared with its carrying value (including goodwill). If the fair value of the reporting unit is less than its carrying value, an indication of goodwill impairment exists for the reporting unit and the enterprise must perform step two of the impairment test (measurement). Under step two, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill over the implied fair value of that goodwill. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation. The residual fair value after the allocation is the implied fair value of the reporting unit goodwill. Fair value of the sole reporting unit for the most recent quantitative test was determined utilizing a combination of valuation methods including both the income approach (including a discounted cash flow analysis) and market approaches (including prior transaction method and comparable public company multiples). The fair value estimates utilized in the impairment testing reflect the use of Level 3 inputs. If the fair value of the reporting unit exceeds its carrying value, step two does not need to be performed. If an entity believes, as a result of its qualitative assessment, that it is more-likely than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. The Company has selected the fiscal month ending date of October as the annual impairment testing date. For the fiscal years ended January 30, 2016 and January 31, 2015, the Company completed a qualitative impairment test. For the fiscal year ended February 1, 2014, the Company completed a quantitative impairment test. Based upon the procedures described above, no impairment of goodwill existed.

The Company is also required to perform impairment tests annually or more frequently if events or circumstances indicate that the value of its nonamortizing intangible assets might be impaired. The Company’s nonamortizing intangible assets as of January 30, 2016 and January 31, 2015 consisted of a tradename. Entities have an option to perform a qualitative assessment to determine whether further impairment testing of nonamortizing intangible assets is necessary. Specifically, an entity has the option to first assess qualitative factors to determine whether it is necessary to perform a quantitative test. The Company performs the quantitative impairment test using the discounted cash flow method based on management’s projections to determine the fair value of the asset. The carrying amount of the asset is then compared to the fair value. If the carrying amount is greater than fair value, an impairment loss is recorded for the amount that fair value is less than the carrying amount. If an entity believes, as a result of its qualitative assessment, that it is more-likely than-not that the fair value is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. For the fiscal years ended January 30, 2016 and January 31, 2015, the Company completed a qualitative impairment test. For the fiscal year ended February 1, 2014, the Company completed a quantitative test. Based upon the procedures described above, no impairment of the tradename existed.

Intangible assets with determinable useful lives are amortized over their estimated useful lives and reviewed for impairment whenever events or changes in circumstances indicate that its carrying amount may not be recoverable.

(k)

Impairment of Long-Lived Assets

Long-lived assets, such as property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary.

(l)

Stock-Based Compensation

The Company measures the cost of employee services received in exchange for share-based compensation based on the grant date fair value of the employee stock award. Ollie’s recognizes stock-based compensation expense based on estimated grant date fair value using the Black-Scholes option-pricing model which is recorded on a straight-line basis over the vesting period for the entire reward. Excess tax benefits of awards related to stock option exercises are reflected as financing cash inflows.

(m)

Revenue Recognition

Ollie’s recognizes retail sales in its stores when merchandise is sold and the customer takes possession of merchandise. Net sales are presented net of returns and sales tax. The Company provides an allowance for estimated retail merchandise returns based on prior experience. The total allowance for returns was $0.2 million as of January 30, 2016, January 31, 2015 and February 1, 2014. The following table provides a reconciliation of the activity related to the Company’s sales returns allowance (in thousands):


	Fiscal year ended
	January 30, 2016			January 31, 2015			February 1, 2014
Beginning balance	$	247		$	207		$	207
Provisions		30,835			27,292			24,236
Sales returns		(30,835	)		(27,252	)		(24,236	)

Ending balance	$	247		$	247		$	207

(n)

Cost of Sales

Cost of sales includes merchandise cost, transportation costs, inventory markdowns, shrink, and distribution, warehousing, and storage costs.

(o)

Selling, General and Administrative Expenses

Selling, general and administrative expenses are comprised of payroll and benefits for stores, field support, and support center employees. Selling, general and administrative expense also includes marketing and advertising expense, occupancy costs for stores and the store support center, insurance, corporate infrastructure and other selling, general and administrative expenses.

(p)

Advertising Costs

Advertising costs primarily consist of newspaper circulars, email campaigns, media broadcasts and prominent advertising at professional and collegiate sporting events and are charged to expense the first time the advertising occurs. Advertising expense for the fiscal years ended January 30, 2016, January 31, 2015 and February 1, 2014 was $25.8 million, $23.1 million and $19.7 million, respectively.

(q)

Operating Leases

The Company leases all of its store locations, distribution centers and office facilities. Many of the lease agreements contain rent holidays, rent escalation clauses and contingent rent provisions – or some combination of these items. For leases of store locations and the store support center, the Company recognizes rent expense in selling, general and administrative expenses. For leases of distribution centers, the Company recognizes rent expense within cost of sales. All rent expense is recorded on a straight-line basis over the accounting lease term, which includes lease renewals determined to be reasonably assured. Additionally, the commencement date of the accounting lease term reflects the earlier of the date the Company becomes legally obligated for the lease payments or the date the Company takes possession of the building for initial construction and setup. The excess rent expense over the actual cash paid for rent is accounted for as deferred rent. Leasehold improvement allowances received from landlords and other lease incentives are recorded as deferred rent liabilities and are recognized in selling, general and administrative expenses on a straight-line basis over the accounting lease term.

(r)

Pre-Opening Costs

Pre-opening costs (costs of opening new stores and distribution facilities, including grand opening promotions, payroll, travel, training, and store setup costs) are expensed as incurred.

(s)

Debt Issuance Costs and Original Issue Discount

Debt issuance costs and original issue discount are amortized to interest expense using the effective interest method, over the life of the related debt. As of January 30, 2016 and January 31, 2015, debt issuance costs, net of accumulated amortization, were $3.6 million and $6.1 million and the amortization expense was $1.3 million and $1.5 million, respectively. The original issue discount, net of accumulated amortization, were $0.1 million and $2.8 million for the fiscal years ended January 30, 2016 and January 31, 2015, and the amortization expense was $0.4 million and $0.6 million, respectively. The write off of unamortized debt issuance and original issue discount costs recorded in loss on extinguishment of debt on the consolidated statements of income and totaled $6.7 million, $0.7 million and $1.8 million, respectively, for the years ended January 30, 2016, January 31, 2015 and February 1, 2014.

(t)

Self-Insurance Liabilities

Under a number of the Company’s insurance programs, which include the Company’s employee health insurance program, its workers’ compensation and general liability insurance programs, the Company is liable for a portion of its losses. Ollie’s is self-insured for certain losses related to the company sponsored employee health insurance program. The Company estimates the accrued liabilities for its self-insurance programs using historical claims experience and loss reserves. To limit the Company’s exposure to losses, a stop-loss coverage is maintained through third-party insurers.

(u)

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.

Ollie’s files consolidated federal and state income tax returns. For years before 2011, the Company is no longer subject to U.S. federal income tax examinations. State income tax returns are filed in various state tax jurisdictions, as appropriate, with varying statutes of limitation and remain subject to examination for varying periods up to three to four years depending on the state.

(v)

Earnings per Common Share

Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding, after giving effect to the potential dilution, if applicable, from the assumed exercise of stock options into shares of common stock as if those stock options were exercised.

The following table summarizes those effects for the diluted net income per common share calculation (in thousands, except per share amounts):


	Fiscal year ended
	January 30, 2016		January 31, 2015		February 1, 2014
Net income	$	35,839	$	26,915	$	19,541

Weighted average number of common shares outstanding – Basic		53,835		48,202		48,519
Incremental shares from the assumed exercise of outstanding stock options		1,961		407		—

Weighted average number of common shares outstanding - Diluted		55,796		48,609		48,519

Earnings per common share – Basic	$	0.67	$	0.56	$	0.40

Earnings per common share - Diluted	$	0.64	$	0.55	$	0.40

Weighted average stock option shares totaling 651,400, 2,971,140 and 5,230,200 as of January 30, 2016, January 31, 2015, and February 1, 2014, respectively, were excluded from the calculation of diluted weighted average common shares outstanding because the effect would have been antidilutive.

(w)

Recent Accounting Pronouncements

Revenue

In May 2014, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for Ollie’s on January 29, 2017, however in July 2015 the FASB decided to defer the effective date by one year. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is currently evaluating the effect of the standard on its consolidated financial statements and related disclosures.

Debt Issuance Costs

In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. This standard amends existing guidance to require the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred charge. The new guidance is effective for annual reporting periods beginning after December 15, 2015, but early adoption is permitted. In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements, which was issued to address the presentation and subsequent measurement of debt issuance costs related to line-of-credit arrangements. The Company is currently evaluating the effect the adoption of these standards will have on the consolidated financial statements and related disclosures.

Deferred Taxes

In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes. This update requires an entity to classify deferred tax liabilities and assets as noncurrent within a classified balance sheet. ASU 2015-17 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2016. This update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early application is permitted as of the beginning of the interim or annual reporting period. The Company has elected to prospectively adopt the accounting standard beginning in the fourth quarter of fiscal 2015. Prior periods of the consolidated financial statements were not retrospectively adjusted.

Leases

In February 2016, the FASB issued ASU 2016-02, Leases. ASU 2016-02 requires that lease arrangements longer than 12 months result in an entity recognizing an asset and liability. The updated guidance is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. The Company has not evaluated the impact of the updated guidance on its consolidated financial statements.

Stock Compensation

In March 2016, the FASB issued ASU 2016-09, Stock Compensation, which is intended to simplify several aspects of the accounting for share-based payment award transactions. The guidance will be effective for the fiscal year beginning after December 15, 2016, including interim periods within that year. The Company is currently evaluating the effect of the standard on its consolidated financial statements and related disclosures.

(x)

Reclassification

Certain prior-year amounts have been reclassified to conform to current-year presentation.

Property and Equipment

12 Months Ended

Jan. 30, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment

(2)

Property and Equipment

Property and equipment consists of the following (in thousands):


	Fiscal year ended
	January 30, 2016			January 31, 2015
Furniture, fixtures, and equipment	$	58,713		$	45,770
Leasehold improvements		7,530			6,336
Automobiles		1,319			1,223

		67,562			53,329
Less accumulated depreciation		(28,270	)		(19,403	)

	$	39,292		$	33,926

Depreciation and amortization expense of property and equipment was $8.9 million, $8.1 million, and $8.1 million for the fiscal years ended January 30, 2016, January 31, 2015, and February 1, 2014, respectively, of which $7.2 million, $7.0 million, and $8.0 million, respectively, is included in the depreciation and amortization expenses on the consolidated statements of income. The remainder, as it relates to the Company’s distribution centers, is included within cost of sales on the consolidated statements of income.

Goodwill and Other Intangible Assets

12 Months Ended

Jan. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

(3)

Goodwill and Other Intangible Assets

Goodwill and other intangible assets consist of the following (in thousands):


	Fiscal year ended
	January 30, 2016			January 31, 2015
Non-amortizing intangible assets:
Goodwill	$	444,850		$	444,850
Tradename		230,559			230,402
Amortizing intangible assets:
Favorable leases		4,054			4,085
Customer database		—			198
Accumulated amortization:
Favorable leases		(1,259	)		(906	)
Customer database		—			(154	)

	$	678,204		$	678,475

Amortization expense of intangible assets was $0.4 million, $0.7 million, and $1.4 million, respectively, for the fiscal years ended January 30, 2016, January 31, 2015, and February 1, 2014, including $0.4 million each fiscal year, charged to rent expense for favorable leases. Estimated amortization expense of intangible assets during the next five fiscal years and thereafter is shown below (in thousands):


Fiscal year ending:
January 28, 2017	$	376
February 3, 2018		338
February 2, 2019		335
February 1, 2020		310
January 30, 2021		281
Thereafter		1,155

Total remaining amortization	$	2,795

Favorable lease intangible assets are being amortized on a straight-line basis over their respective lease terms plus assumed option renewal periods (weighted average remaining life of approximately 9.4 and 10.1 years as of January 30, 2016 and January 31, 2015, respectively).

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Accrued Expenses

12 Months Ended

Jan. 30, 2016

Payables and Accruals [Abstract]

Accrued Expenses

(4)

Accrued Expenses

Accrued expenses consists of the following (in thousands):


	Fiscal year ended
	January 30, 2016		January 31, 2015
Accrued compensation and benefits	$	10,775	$	8,307
Sales and use taxes		2,278		1,273
Accrued real estate related		2,659		1,631
Accrued insurance		2,605		2,134
Accrued advertising		3,519		3,421
Accrued freight		3,620		2,766
Other		10,117		8,108

	$	35,573	$	27,640

Debt Obligations and Financing Arrangements

12 Months Ended

Jan. 30, 2016

Debt Disclosure [Abstract]

Debt Obligations and Financing Arrangements

(5)

Debt Obligations and Financing Arrangements

Long-term debt consists of the following (in thousands):


	Fiscal year ended
	January 30, 2016			January 31, 2015
Term loan	$	199,888		$	321,287
Capital lease		66			—

Total debt		199,954			321,287
Less: current portion		(5,018	)		(7,794	)

Long-term debt	$	194,936		$	313,493

As of January 30, 2016, the scheduled principal payments of debt are as follows (in thousands):


Fiscal year ending:
January 28, 2017	$	5,018
February 3, 2018		5,019
February 2, 2019		10,029
February 1, 2020		10,000
January 30, 2021		170,000

Total cash principal payments		200,066
Less: Unamortized original issue discount		(112	)

Total cash principal payments, net	$	199,954

On September 28, 2012, the Company entered into two credit agreements with a total value of $300.0 million. The $300.0 million was comprised of a $75.0 million revolving credit facility (“Credit Facility”) and a $225.0 million term loan (“Term Loan”). The Credit Facility has Manufacturers and Traders Trust Company (“M&T Bank”) as administrative agent, and certain financial institutions as lenders. The Term Loan has Jefferies Finance LLC (“Jefferies”) as administrative agent, and certain financial institutions as lenders. As part of the Term Loan, the Company was required to pay a $2.5 million original issue discount.

On February 26, 2013, the Company entered into a First Amendment to the Term Loan (“First Amendment”) which allowed the Company to borrow an additional principal amount of $50.0 million. The proceeds received were net of a soft call premium of $2.2 million, of which $1.8 million was recorded as additional original issue discount and $0.4 million was recognized as loss on extinguishment of debt on the date of the amendment. The primary purpose of this additional term loan borrowing was a $46.2 million repurchase of 4,999,625 shares of Class A Common Stock from the Company’s majority shareholder as consented by the original Term Loan lenders. In addition, various arrangement fees and legal fees totaling $1.6 million were incurred in connection with this amendment, of which $1.1 million were recorded as deferred financing fees and $0.5 million were recognized in selling, general and administrative expense on the date of the amendment. In connection with this amendment, $1.1 million of debt issuance cost and $0.4 million of original issue discount were accelerated on the date of the amendment and included in loss on extinguishment of debt.

On April 11, 2014, the Company entered into a Second Amendment to the Term Loan (“Amended Term Loan”) which allowed the Company to borrow an additional principal amount of $60.0 million. The primary purpose of the additional term loan borrowing was to distribute $58.0 million as a cash dividend to common shareholders as consented by the original Term Loan lenders. The total dividend amount was recorded as a reduction of retained earnings of $23.6 million to reduce the retained earnings balance as of the dividend date to zero and the additional $34.4 million was recorded as a reduction of additional paid-in capital. The proceeds received were net of $2.0 million, of which $1.3 million was recognized as deferred financing fees, $0.4 million was recorded as additional original issue discount, and $0.3 million was recognized as selling, general and administrative expenses. In connection with this amendment, $0.4 million of debt issuance cost and $0.2 million of original issue discount were accelerated on the date of the amendment and included in loss on extinguishment of debt.

On May 27, 2015, the Company amended the Term Loan and Revolving Credit Facility to, among other things, increase the size of the Revolving Credit Facility from $75.0 million to $125.0 million and to permit a dividend to holders of the Company’s outstanding common stock. On May 27, 2015, the Company borrowed $50.0 million under the Revolving Credit Facility and the proceeds were used to pay an aggregate cash dividend of $48.8 million to holders of outstanding common stock. The total dividend amount was recorded as a reduction of retained earnings of $33.9 million to reduce the retained earnings balance as of the dividend date to zero and the additional $14.9 million was recorded as a reduction of additional paid-in capital.

The Amended Term Loan was payable in 27 consecutive quarterly payments of $0.8 million to be made on the last business day of each fiscal quarter beginning with February 1, 2013, with the remaining unpaid principal balance of the Amended Term Loan along with all accrued and unpaid interest to be paid by September 28, 2019. The Amended Term Loan provided for an “Excess Cash Flow” payment, as defined, to be made on or before 125 days from the end of the Company’s fiscal year of each year beginning with the fiscal year ended February 1, 2014. The Excess Cash Flow payment for the fiscal year ended January 31, 2015 was $4.4 million and was included in current portion of long-term debt as of January 31, 2015.

In July 2015, the Company repaid $50.0 million on the Revolving Credit Facility and $103.1 million of principal on the Amended Term Loan using proceeds from the IPO. In connection with this repayment of debt, $1.5 million of debt issuance costs and $0.8 million of original issue discount were written off and included in loss on extinguishment of debt.

On January 29, 2016, the Company completed a transaction, in which it refinanced the Senior Secured Credit Facility with the proceeds of the New Credit Facilities. The New Credit Facilities consisting of the $200.0 million New Term Loan and the $100.0 million New Revolving Credit Facility which includes a $25.0 million sub-facility for letters of credit and a $25.0 million sub-facility for swingline loans. The proceeds of the New Term Loan together with cash on hand were used to repay the existing Senior Secured Credit Facilities. The Company incurred various arrangement fees and legal fees totaling $2.1 million, of which $2.0 million was recognized as deferred financing fees and $0.1 million was recognized as selling, general and administrative expenses. In connection with the termination of the Senior Secured Credit Facilities, $2.9 million of debt issuance cost and $1.4 million of original issue discount were accelerated on the date of the amendment and included in the loss on extinguishment of debt. Loans under the New Credit Facilities mature on January 29, 2021.

The interest rates for the New Credit Facilities are not subject to a floor and are calculated as the higher of the Prime Rate, the Federal Funds Effective Rate plus 0.50% or the Eurodollar Rate plus 1.0%, plus the Applicable Margin, or, for Eurodollar Loans, the Eurodollar Rate plus the Applicable Margin. The Applicable Margin will vary from 0.75% to 1.25% for a Base Rate Loan and 1.75% to 2.25% for a Eurodollar Loan, based on reference to the total leverage ratio. The New Credit Facilities mature on January 29, 2021.

As of January 30, 2016, the New Term Loan Facility is subject to amortization with principal payable in quarterly installments of $1.25 million to be made on the last business day of each fiscal quarter prior to maturity commencing on April 29, 2016. The quarterly installment payments increase after fiscal year ended February 3, 2018 to $2.5 million. The remaining initial aggregate advances under the New Term Loan Facility are payable at maturity.

Under the terms of the New Revolving Credit Facility, as of January 30, 2016, the Company could borrow up to 90.0% of the most recent appraised value (valued at cost, discounted for the current net orderly liquidation value) of its eligible inventory, as defined, up to $100.0 million.

As of January 30, 2016, Ollie’s had $200 million of outstanding borrowings on the New Term Loan Facility and no outstanding borrowings under the New Revolving Credit Facility, with $97.4 million of borrowing availability, letter of credit commitments of $2.4 million and $0.2 million of rent reserves. The interest rate on the outstanding borrowings under the New Term Loan Facility was 2.25% plus the 30-day Eurodollar Rate, or 2.68%. The New Revolving Credit Facility also contains a variable unused line fee ranging from 0.250% to 0.375% per annum. The Company incurred unused line fees of $0.4 million, $0.2 million and $0.2 million for fiscal years 2015, 2014 and 2013, respectively.

The New Credit Facilities are collateralized by the Company’s assets and equity and contain financial covenants, as well as certain business covenants, including restrictions on dividend payments, which the Company must comply with during the term of the agreements. The Company was in compliance with all terms of the New Credit Facilities as of the fiscal year ended January 30, 2016.

The provisions of the New Credit Facilities restrict all of the net assets of the Company’s consolidated subsidiaries, which constitutes all of the net assets on the Company’s consolidated balance sheet as of January 30, 2016, from being used to pay any dividends or make other restricted payments to the Company without prior written consent from the financial institutions party to the Company’s New Credit Facilities, subject to certain exceptions.

Income Taxes

12 Months Ended

Jan. 30, 2016

Income Tax Disclosure [Abstract]

Income Taxes

(6)

Income Taxes

The components of income tax provision (benefit) are as follows (in thousands):


	Fiscal year ended
	January 30, 2016			January 31, 2015			February 1, 2014
Current:
Federal	$	19,625		$	16,760		$	11,501
State		3,713			3,422			2,989

		23,338			20,182			14,490

Deferred:
Federal		(849	)		(2,114	)		(2,122	)
State		(882	)		(1,305	)		(1,091	)

		(1,731	)		(3,419	)		(3,213	)

Income tax expense	$	21,607		$	16,763		$	11,277

A reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate is as follows:


	Fiscal year ended
	January 30, 2016			January 31, 2015			February 1, 2014
Statutory federal rate		35.0	%		35.0	%		35.0	%
State taxes, net of federal benefit		3.2			3.2			4.0
Other		(0.6	)		0.2			(2.4	)

		37.6	%		38.4	%		36.6	%

Deferred income taxes reflect the effect of temporary differences between the carrying amounts of the assets and liabilities for financial reporting purposes and the carrying amounts used for income tax reporting purposes. Significant components of deferred tax assets and liabilities are as follows (in thousands):


	Fiscal year ended
	January 30, 2016			January 31, 2015
Deferred tax assets:
Inventory reserves	$	1,236		$	858
Deferred rent		1,815			1,091
Stock-based compensation		4,753			3,254
Other		3,918			3,163

Total deferred tax assets		11,722			8,366

Deferred tax liabilities:
Tradename		(89,669	)		(90,138	)
Depreciation		(8,217	)		(6,250	)
Leases		(1,007	)		(1,051	)
Noncompetition agreements		—			(17	)

Total deferred tax liabilities		(98,893	)		(97,456	)

Net deferred tax liabilities	$	(87,171	)	$	(89,090	)

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities (including the impact of available carryback and carryforward periods), projected future taxable income, and tax-planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income and the scheduled reversal of deferred liabilities over the periods in which the deferred tax assets are deductible, management believes it is more likely than not that the Company will realize the benefits of these deductible differences as of January 30, 2016 and January 31, 2015.

Ollie’s has no material accrual for uncertain tax positions or interest or penalties related to income taxes on the Company’s consolidated balance sheets as of January 30, 2016 or January 31, 2015, and has not recognized any material uncertain tax positions or interest or penalties related to income taxes in the consolidated statements of income for the fiscal years ended January 30, 2016, January 31, 2015 or February 1, 2014.

Commitments and Contingencies

12 Months Ended

Jan. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

(7)

Commitments and Contingencies

Ollie’s leases all of its store, office, and distribution facilities under operating leases that expire at various dates through 2031. These leases generally provide for fixed annual rentals; however, several provide for minimum annual rentals plus contingent rentals based on a percentage of annual sales. A majority of the Company’s leases also require a payment for all or a portion of insurance, real estate taxes, water and sewer costs, and repairs, the cost of which is charged to the related expense category rather than being accounted for as rent expense. Most of the leases contain multiple renewal options, under which Ollie’s may extend the lease terms for five years. Minimum rents on operating leases, including agreements with step rents, are charged to expense on a straight-line basis over the lease term.

Rent expense on all operating leases consisted of the following (in thousands):


	Fiscal year ended
	January 30, 2016		January 31, 2015		February 1, 2014
Minimum annual rentals	$	32,263	$	28,707	$	25,133
Contingent rentals		123		78		140

	$	32,386	$	28,785	$	25,273

The following is a schedule by year of future minimum rental payments required under non-cancelable operating leases, including option renewal periods that are reasonably assured, that have initial or remaining lease terms in excess of one year as of January 30, 2016 (in thousands):


Fiscal year ending:
January 28, 2017	$	39,490
February 3, 2018		38,242
February 2, 2019		35,254
February 1, 2020		30,391
January 30, 2021		24,430
Thereafter		54,226

Total minimum lease payments	$	222,033

Ollie’s is subject to litigation in the normal course of business. The Company does not believe such actions, either individually or collectively, will have a significant impact on Ollie’s financial position or results of operations.

Equity Incentive Plan

12 Months Ended

Jan. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Equity Incentive Plan

(8)

Equity Incentive Plan

During 2012, Ollie’s established an equity incentive plan (the “2012 Plan”), under which stock options were granted to executive officers and key employees as deemed appropriate under the provisions of the 2012 Plan, with an exercise price at the fair value of the underlying stock on the date of grant. The vesting period for options granted under the 2012 Plan is five years (20% ratably per year). Options granted under the 2012 Plan are subject to employment for vesting, expire 10 years from the date of grant, and are not transferable other than upon death. As of July 15, 2015, the date of the pricing of the IPO, no additional equity grants will be made under the 2012 Plan.

In connection with the IPO, the Company adopted the 2015 equity incentive plan (the “2015 Plan”) pursuant to which the Company’s Board of Directors may grant stock options, restricted shares or other awards to employees, directors and consultants. The 2015 Plan allows for the issuance of up to 5,250,000 shares. Awards will be made pursuant to agreements and may be subject to vesting and other restrictions as determined by the Board of Directors or the Compensation Committee. The exercise price for stock options is determined at the fair value on the underlying stock on the date of grant. The vesting period for awards granted under the 2015 Plan is generally set at four years (25% ratably per year). Awards are subject to employment for vesting, expire 10 years from the date of grant, and are not transferable other than upon death. The Company uses authorized and unissued shares to satisfy share award exercises. As of January 30, 2016, there were 4,668,150 shares available for grant under the 2015 Plan.

A summary of the Company’s stock option activity and related information follows for the fiscal years ended January 30, 2016, January 31, 2015 and February 1, 2014 (in thousands, except share and per share amounts):


	Number of options			Weighted average exercise price		Weighted average remaining contractual term (years)		Aggregate intrinsic value
Outstanding at February 2, 2013		5,152,575		$	6.48
Granted		379,500			6.48
Forfeited		(253,000	)		6.48

Outstanding at February 1, 2014		5,279,075			6.48
Granted		920,000			7.68
Forfeited		(188,600	)		6.57

Outstanding at January 31, 2015		6,010,475			6.66
Granted		1,403,500			13.61
Forfeited		(82,500	)		7.91
Exercised		(339,650	)		6.69

Outstanding at January 30, 2016		6,991,825			8.04		7.4	$	100,060

Exercisable at January 30, 2016		3,013,125			6.55		6.8	$	47,622

The compensation cost which has been recorded within selling, general & administrative expense for the Company’s equity incentive plans was $5.0 million, $3.8 million and $3.4 million for fiscal years 2015, 2014 and 2013, respectively. The Company recognized $1.9 million, $1.4 million and $1.3 million in income tax benefit in the fiscal years 2015, 2014 and 2013, respectively in the consolidated statements of income for share-based award compensation.

As of January 30, 2016, January 31, 2015 and February 1, 2014, there was $13.3 million, $11.8 million and $12.8 million, respectively, of total unrecognized compensation cost related to non-vested stock-based compensation arrangements granted under the 2012 and 2015 Plans. That cost is expected to be recognized over a weighted average period of 2.9 years, 3.9 years and 4.2 years for the years ended January 30, 2016, January 31, 2015 and February 1, 2014. Awards with graded vesting are recognized using the straight-line method.

In April 2014 the Company entered into an additional term loan borrowing of $60.0 million. The proceeds were used for a cash dividend to the stockholders of the Company (see Note 5). In lieu of a pro-rata share of the cash dividend, the option exercise price was reduced to $7.49 from $8.70 for all options issued prior to the dividend declaration date. Also, in May 2015 the Company borrowed $50.0 million under the Revolving Credit Facility to pay an aggregate cash dividend of $48.8 million to stockholders (see Note 5). The option exercise price was reduced by approximately $1.00 per share for all options issued prior to the dividend declaration date related to the dilutive effect of the dividend. The 2012 Plan includes provisions that require equitable adjustment to the outstanding option awards in the event of certain equity transactions including stock splits, recapitalizations, or dividends, among others, therefore the revision to the exercise price had no accounting impact.

Determining the appropriate fair value of stock-based awards requires the input of subjective assumptions, including the fair value of the Company’s common stock and for stock options, the expected life of the option and expected stock price volatility. The Company uses the Black-Scholes option pricing model to value its stock option awards. The assumptions used in calculating the fair value of stock-based awards represent management’s best estimates and involve inherent uncertainties and the application of management’s judgement. As a result, if factors change and management uses different assumptions, stock-based compensation expense could be materially different for future awards.

The expected life of stock options was estimated using the “simplified method,” as the Company has no historical information to develop reasonable expectations about future exercise patterns and post-vesting employment termination behavior for its stock option grants. The simplified method is based on the average of the vesting tranches and the contractual life of each grant. Since the Company’s shares are not publicly traded, for stock price volatility, the Company uses comparable public companies as a basis for its expected volatility to calculate the fair value of option grants. The risk-free interest rate is based on U.S. Treasury notes with a term approximating the expected life of the option.

The weighted average grant date fair value per option for options granted during the fiscal years ended January 30, 2016, January 31, 2015 and February 1, 2014 was $5.05, $3.57 and $3.38, respectively. The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model that used the weighted average assumptions in the following table:


	Fiscal Year Ended
	January 30, 2016	January 31, 2015	February 1, 2014
Risk-free interest rate	1.99%	2.22%	1.54%
Expected dividend yield	—	—	—
Expected term (years)	6.25 years	6.5 years	6.5 years
Expected volatility	31.56%	34.80%	36.35%

Employee Benefit Plans

12 Months Ended

Jan. 30, 2016

Postemployment Benefits [Abstract]

Employee Benefit Plans

(9)

Employee Benefit Plans

Ollie’s sponsors a defined contribution plan, qualified under Internal Revenue Code (IRC) Section 401(k), for the benefit of employees. An employee becomes eligible to participate in the Plan upon attaining at least 21 years of age and completing three months of full-time employment. An employee may elect to contribute annual compensation up to the maximum allowable under the IRC. The Company assumes all administrative costs of the Plan and matches the employee’s contribution up to 25% of the first 6% of their annual compensation. The portion that the Company matches is vested ratably over six years. The employer matching contributions to the Plan were $0.2 million for the fiscal years ended January 30, 2016, January 31, 2015 and February 1, 2014.

In addition to the regular matching contribution, the Company may elect to make a discretionary matching contribution. Discretionary contributions shall be allocated as a percentage of compensation of eligible participants for the Plan year. There were no discretionary contributions for the fiscal year ended January 30, 2016 and discretionary contributions were $0.3 million and $0.2 million for the fiscal years ended January 31, 2015 and February 1, 2014, respectively.

Common Stock

12 Months Ended

Jan. 30, 2016

Equity [Abstract]

Common Stock

(10)

Common Stock

The Company and its shareholders have entered into a Stockholders Agreement dated September 28, 2012, which provide for, among others, certain covenants and conditions, information, first refusal, take along, come along and rights of participation. In connection with the July 2015 IPO, the Company amended its existing Stockholders Agreement, which a number of provisions, including provisions relating to the election of directors and certain transfer restrictions were automatically terminated.

Immediately prior to the IPO, the Company amended and restated its certificate of incorporation to reflect the conversion of all Class B common stock to Class A common stock. In addition, all shares of Class A common stock were recapitalized into a single class of common stock. As part of the IPO, the Company increased its authorized common stock shares to 500,000,000 at $0.001 par value per share and authorized 50,000,000 shares of preferred stock at $0.001 par value per share.

During the fiscal year ended January 31, 2015, the Company repurchased 2,875 Class A common stock shares from a shareholder for $9.99 per share. During the fiscal year ended January 30, 2016, the Company repurchased 5,750 Class A common stock shares from a shareholder for $9.99 per share. The Company records the value of its common stock held in treasury at cost.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

+ Details

Transactions with Affiliates and Related Parties

12 Months Ended

Jan. 30, 2016

Transactions with Affiliates and Related Parties

(11)

Transactions with Affiliates and Related Parties

The Company has entered into five non-cancelable operating leases with related parties for office and store locations. The annual lease payments approximate $1.2 million and such payments are payable through 2023.

During the fiscal years ended January 30, 2016, January 31, 2015 and February 1, 2014, the Company paid $0.2 million, $0.2 million and $0.1 million, respectively, for the use of an airplane owned by a related party.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Segment Reporting

12 Months Ended

Jan. 30, 2016

Segment Reporting [Abstract]

Segment Reporting

(12)

Segment Reporting

For purposes of the disclosure requirements for segments of a business enterprise, it has been determined that the Company is comprised of one operating segment.

The following table summarizes the percentage of net sales by merchandise category for each year presented:


	Fiscal Year Ended
Sales by merchandise category:	January 30, 2016			January 31, 2015			February 1, 2014
Food		13.2	%		12.5	%		9.0	%
Housewares		13.1			14.7			14.8
Books and stationery		11.5			10.9			12.0
Bed and bath		10.1			10.1			9.9
Floor coverings		8.6			9.6			10.7
Hardware		5.2			5.1			5.5
Toys		4.9			5.1			6.2
Other		33.4			32.0			31.9

		100.0	%		100.0	%		100.0	%

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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+ Details

Quarterly results of Operations and Seasonality

12 Months Ended

Jan. 30, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly results of Operations and Seasonality

(13)

Quarterly results of Operations and Seasonality (Unaudited)

Quarterly financial results for the fiscal year end January 30, 2016 and January 31, 2015 were as follows (in thousands, except for per share data):


	Fiscal year 2015 (1)								Fiscal year 2014
	Fourth Quarter		Third Quarter		Second Quarter		First Quarter		Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Net sales	$	243,402	$	174,565	$	181,933	$	162,470	$	200,665	$	150,005	$	152,910	$	134,395
Gross profit		98,839		69,924		70,058		64,043		79,308		59,595		59,192		55,415
Net income		16,064		6,762		6,352		6,661		12,008		4,851		5,728		4,328
Basic earnings per common share	$	0.27	$	0.12	$	0.13	$	0.14	$	0.25	$	0.10	$	0.12	$	0.09
Diluted earnings per common share	$	0.26	$	0.11	$	0.12	$	0.13	$	0.24	$	0.10	$	0.12	$	0.09

(1)	The sum of the quarterly per share amounts may not equal per share amounts reported for the fiscal year end due to rounding.

The Company’s business is seasonal in nature and demand is generally the highest in the fourth fiscal quarter due to the holiday sales season. To prepare for the holiday sales season, Ollie’s must order and keep in stock more merchandise than is carried during other times of the year and generally engage in additional marketing efforts. The Company expects inventory levels, along with accounts payable and accrued expenses, to reach their highest levels in the third and fourth fiscal quarter in anticipation of increased net sales during the holiday sales season. As a result of this seasonality, and generally because of variation in consumer spending habits, the Company experiences fluctuations in net sales and working capital requirements during the year.

Subsequent Events

12 Months Ended

Jan. 30, 2016

Subsequent Events [Abstract]

Subsequent Events

(14)

Subsequent Events

On February 18, 2016, the Company completed a secondary offering of 7,873,063 shares of common stock. Included in the 7,873,063 shares of common stock of the secondary offering was 1,152,500 options which were exercised and sold by certain directors, officers and employees. In addition on February 19, 2016, the underwriters exercised their option to purchase an additional 1,180,959 shares of the Company’s common stock. As a result 9,054,022 shares of common stock were sold by certain selling stockholders at a price of $19.75 per share. The Company did not sell any shares in or receive any proceeds from the secondary offering, except for proceeds from the exercise of stock options of $7.5 million.

Schedule I - Condensed Financial Information of Registrant Ollie's Bargain Outlet Holdings, Inc. (parent company only)

12 Months Ended

Jan. 30, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule I - Condensed Financial Information of Registrant Ollie's Bargain Outlet Holdings, Inc. (parent company only)

Schedule I - Condensed Financial Information of Registrant

Ollie’s Bargain Outlet Holdings, Inc. (parent company only)

Condensed Balance Sheets

(In thousands)


	January 30, 2016			January 31, 2015
Assets
Total current assets	$	—		$	—
Long-term assets:
Investment in subsidiaries		561,949			416,835

Total assets	$	561,949		$	416,835

Liabilities and stockholders’ equity
Total current liabilities	$	—		$	—
Total long-term liabilities		—			—

Total liabilities		—			—

Stockholders’ equity:
Common stock		59			48
Additional paid-in capital		536,315			393,078
Retained earnings		25,661			23,738
Treasury stock, at cost		(86	)		(29	)

Total stockholders’ equity		561,949			416,835

Total liabilities and stockholders’ equity	$	561,949		$	416,835

See accompanying notes.

Schedule I - Condensed Financial Information of Registrant

Ollie’s Bargain Outlet Holdings, Inc. (parent company only)

Condensed Statements of Income

(In thousands)


	Fiscal year ended
	January 30, 2016		January 31, 2015		February 1, 2014
Net sales	$	—		—	$	—
Cost of sales		—		—		—

Gross profit		—		—		—
Selling, general and administrative expenses		—		—		—
Depreciation and amortization expenses		—		—		—
Pre-opening expenses		—		—		—

Operating income		—		—		—
Interest expense, net		—		—		—

Income before income taxes and equity in net income of subsidiaries		—		—		—
Income tax expense		—		—		—

Income before equity in net income of subsidiaries		—		—		—
Net income of subsidiaries		35,839		26,915		19,541

Net income	$	35,839		26,915	$	19,541

See accompanying notes.

Schedule I - Condensed Financial Information of Registrant

Ollie’s Bargain Outlet Holdings, Inc. (parent company only)

Notes to Condensed Financial Statements

1.	Basis of presentation

In the parent-company-only financial statements, Ollie’s Bargain Outlet Holdings, Inc.’s (the Company) investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries since the date of acquisition. The parent-company-only financial statements should be read in conjunction with the Company’s consolidated financial statements. A condensed statement of cash flows was not presented because Ollie’s Bargain Outlet Holdings, Inc. had no cash flow activities during fiscal 2015, fiscal 2014 or fiscal 2013.

2.	Guarantees and restrictions

Ollie’s Bargain Outlet, Inc., a subsidiary of the Company, had $200.0 million outstanding under the New Term Loan Facilities, as of January 30, 2016. Under the terms of the New Term Loan Facilities, Bargain Parent, Inc. has guaranteed the payment of all principal and interest. In the event of a default under the New Credit Facilities, Bargain Parent, Inc. will be directly liable to the debt holders. The New Term Loan Facilities matures on January 29, 2021.

As of January 30, 2016, Ollie’s Bargain Outlet, Inc. also has $97.4 million available for borrowing under the New Revolving Credit Facility. Bargain Parent, Inc. has guaranteed all obligations under the New Revolving Credit Facility. In the event of default under the New Revolving Credit Facility, Bargain Parent, Inc. will be directly liable to the debt holders. The New Revolving Credit Facility matures on January 29, 2021.

The New Credit Facilities are collateralized by the Company’s assets and equity and contain financial covenants, as well as certain business covenants, including restrictions on dividend payments, that the Company must comply with during the term of such agreements. The Company was in compliance with all terms of such agreements during and as of the year ended January 30, 2016.

The provisions of the New Credit Facilities restrict all of the net assets of the Company’s consolidated subsidiaries, which constitutes all of the net assets on the Company’s consolidated balance sheet as of January 30, 2016, from being used to pay any dividends or make other restricted payments without prior written consent from the lenders under the New Credit Facilities, subject to certain exceptions.

Organization and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of Business

(a)

Description of Business

Ollie’s Bargain Outlet Holdings, Inc. and subsidiaries are collectively referenced to as the Company or Ollie’s.

Stock split

Initial Public Offering

Fiscal Year

(b)

Fiscal Year

Principles of Consolidation

(c)

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany transactions have been eliminated in consolidation.

Use of Estimates

(d)

Use of Estimates

Fair Value Disclosures

(e)

Fair Value Disclosures

•

Level 1 inputs are quoted prices available for identical assets and liabilities in active markets.

•

Level 3 inputs are less observable and reflect the Company’s assumptions.

Cash and Cash Equivalents

(f)

Cash and Cash Equivalents

Concentration of Credit Risk

(g)

Concentration of Credit Risk

Inventories

(h)

Inventories

Property and Equipment

(i)

Property and Equipment

The useful lives for the purpose of computing depreciation and amortization are as follows:


Software		3 years
Automobiles		5 years
Computer equipment		5 years
Furniture, fixtures, and equipment		7-10 years
Leasehold improvements		Lesser of lease term or useful life

Goodwill/Intangible Assets

(j)

Goodwill/Intangible Assets

Impairment of Long-Lived Assets

(k)

Impairment of Long-Lived Assets

Stock-Based Compensation

(l)

Stock-Based Compensation

Revenue Recognition

(m)

Revenue Recognition


	Fiscal year ended
	January 30, 2016			January 31, 2015			February 1, 2014
Beginning balance	$	247		$	207		$	207
Provisions		30,835			27,292			24,236
Sales returns		(30,835	)		(27,252	)		(24,236	)

Ending balance	$	247		$	247		$	207

Cost of Sales

(n)

Cost of Sales

Cost of sales includes merchandise cost, transportation costs, inventory markdowns, shrink, and distribution, warehousing, and storage costs.

Selling, General and Administrative Expenses

(o)

Selling, General and Administrative Expenses

Advertising Costs

(p)

Advertising Costs

Operating Leases

(q)

Operating Leases

Pre-Opening Costs

(r)

Pre-Opening Costs

Pre-opening costs (costs of opening new stores and distribution facilities, including grand opening promotions, payroll, travel, training, and store setup costs) are expensed as incurred.

Debt Issuance Costs and Original Issue Discount

(s)

Debt Issuance Costs and Original Issue Discount

Self-Insurance Liabilities

(t)

Self-Insurance Liabilities

Income Taxes

(u)

Income Taxes

Earnings per Common Share

(v)

Earnings per Common Share

The following table summarizes those effects for the diluted net income per common share calculation (in thousands, except per share amounts):


	Fiscal year ended
	January 30, 2016		January 31, 2015		February 1, 2014
Net income	$	35,839	$	26,915	$	19,541

Weighted average number of common shares outstanding – Basic		53,835		48,202		48,519
Incremental shares from the assumed exercise of outstanding stock options		1,961		407		—

Weighted average number of common shares outstanding - Diluted		55,796		48,609		48,519

Earnings per common share – Basic	$	0.67	$	0.56	$	0.40

Earnings per common share - Diluted	$	0.64	$	0.55	$	0.40

Recent Accounting Pronouncements

(w)

Recent Accounting Pronouncements

Revenue

Debt Issuance Costs

Deferred Taxes

Leases

Stock Compensation

Reclassification

(x)

Reclassification

Certain prior-year amounts have been reclassified to conform to current-year presentation.

Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Useful Lives for Purpose of Computing Depreciation and Amortization

The useful lives for the purpose of computing depreciation and amortization are as follows:


Software		3 years
Automobiles		5 years
Computer equipment		5 years
Furniture, fixtures, and equipment		7-10 years
Leasehold improvements		Lesser of lease term or useful life

Reconciliation of Activity Related to Sales Returns Allowance

The following table provides a reconciliation of the activity related to the Company’s sales returns allowance (in thousands):


	Fiscal year ended
	January 30, 2016			January 31, 2015			February 1, 2014
Beginning balance	$	247		$	207		$	207
Provisions		30,835			27,292			24,236
Sales returns		(30,835	)		(27,252	)		(24,236	)

Ending balance	$	247		$	247		$	207

Summary of Effects for Diluted Net Income per Common Share Calculation

The following table summarizes those effects for the diluted net income per common share calculation (in thousands, except per share amounts):


	Fiscal year ended
	January 30, 2016		January 31, 2015		February 1, 2014
Net income	$	35,839	$	26,915	$	19,541

Weighted average number of common shares outstanding – Basic		53,835		48,202		48,519
Incremental shares from the assumed exercise of outstanding stock options		1,961		407		—

Weighted average number of common shares outstanding - Diluted		55,796		48,609		48,519

Earnings per common share – Basic	$	0.67	$	0.56	$	0.40

Earnings per common share - Diluted	$	0.64	$	0.55	$	0.40

Property and Equipment (Tables)

12 Months Ended

Jan. 30, 2016

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment consists of the following (in thousands):


	Fiscal year ended
	January 30, 2016			January 31, 2015
Furniture, fixtures, and equipment	$	58,713		$	45,770
Leasehold improvements		7,530			6,336
Automobiles		1,319			1,223

		67,562			53,329
Less accumulated depreciation		(28,270	)		(19,403	)

	$	39,292		$	33,926

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jan. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Other Intangible Assets

Goodwill and other intangible assets consist of the following (in thousands):


	Fiscal year ended
	January 30, 2016			January 31, 2015
Non-amortizing intangible assets:
Goodwill	$	444,850		$	444,850
Tradename		230,559			230,402
Amortizing intangible assets:
Favorable leases		4,054			4,085
Customer database		—			198
Accumulated amortization:
Favorable leases		(1,259	)		(906	)
Customer database		—			(154	)

	$	678,204		$	678,475

Schedule of Estimated Amortization Expense of Intangible Assets

Estimated amortization expense of intangible assets during the next five fiscal years and thereafter is shown below (in thousands):


Fiscal year ending:
January 28, 2017	$	376
February 3, 2018		338
February 2, 2019		335
February 1, 2020		310
January 30, 2021		281
Thereafter		1,155

Total remaining amortization	$	2,795

Accrued Expenses (Tables)

12 Months Ended

Jan. 30, 2016

Payables and Accruals [Abstract]

Schedule of Accrued Expenses

Accrued expenses consists of the following (in thousands):


	Fiscal year ended
	January 30, 2016		January 31, 2015
Accrued compensation and benefits	$	10,775	$	8,307
Sales and use taxes		2,278		1,273
Accrued real estate related		2,659		1,631
Accrued insurance		2,605		2,134
Accrued advertising		3,519		3,421
Accrued freight		3,620		2,766
Other		10,117		8,108

	$	35,573	$	27,640

Debt Obligations and Financing Arrangements (Tables)

12 Months Ended

Jan. 30, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consists of the following (in thousands):


	Fiscal year ended
	January 30, 2016			January 31, 2015
Term loan	$	199,888		$	321,287
Capital lease		66			—

Total debt		199,954			321,287
Less: current portion		(5,018	)		(7,794	)

Long-term debt	$	194,936		$	313,493

Scheduled Principal Payments of Debt

As of January 30, 2016, the scheduled principal payments of debt are as follows (in thousands):


Fiscal year ending:
January 28, 2017	$	5,018
February 3, 2018		5,019
February 2, 2019		10,029
February 1, 2020		10,000
January 30, 2021		170,000

Total cash principal payments		200,066
Less: Unamortized original issue discount		(112	)

Total cash principal payments, net	$	199,954

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Section 50
-Paragraph 3
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Paragraph 6
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

Income Taxes (Tables)

12 Months Ended

Jan. 30, 2016

Income Tax Disclosure [Abstract]

Components of Income Tax Provision (Benefit)

The components of income tax provision (benefit) are as follows (in thousands):


	Fiscal year ended
	January 30, 2016			January 31, 2015			February 1, 2014
Current:
Federal	$	19,625		$	16,760		$	11,501
State		3,713			3,422			2,989

		23,338			20,182			14,490

Deferred:
Federal		(849	)		(2,114	)		(2,122	)
State		(882	)		(1,305	)		(1,091	)

		(1,731	)		(3,419	)		(3,213	)

Income tax expense	$	21,607		$	16,763		$	11,277

Reconciliation of Effective Income Tax Rate

A reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate is as follows:


	Fiscal year ended
	January 30, 2016			January 31, 2015			February 1, 2014
Statutory federal rate		35.0	%		35.0	%		35.0	%
State taxes, net of federal benefit		3.2			3.2			4.0
Other		(0.6	)		0.2			(2.4	)

		37.6	%		38.4	%		36.6	%

Components of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities are as follows (in thousands):


	Fiscal year ended
	January 30, 2016			January 31, 2015
Deferred tax assets:
Inventory reserves	$	1,236		$	858
Deferred rent		1,815			1,091
Stock-based compensation		4,753			3,254
Other		3,918			3,163

Total deferred tax assets		11,722			8,366

Deferred tax liabilities:
Tradename		(89,669	)		(90,138	)
Depreciation		(8,217	)		(6,250	)
Leases		(1,007	)		(1,051	)
Noncompetition agreements		—			(17	)

Total deferred tax liabilities		(98,893	)		(97,456	)

Net deferred tax liabilities	$	(87,171	)	$	(89,090	)

Commitments and Contingencies (Tables)

12 Months Ended

Jan. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Rent Expense

Rent expense on all operating leases consisted of the following (in thousands):


	Fiscal year ended
	January 30, 2016		January 31, 2015		February 1, 2014
Minimum annual rentals	$	32,263	$	28,707	$	25,133
Contingent rentals		123		78		140

	$	32,386	$	28,785	$	25,273

Schedule of Future Minimum Rental Payments Required Under Non-cancelable Operating Leases


Fiscal year ending:
January 28, 2017	$	39,490
February 3, 2018		38,242
February 2, 2019		35,254
February 1, 2020		30,391
January 30, 2021		24,430
Thereafter		54,226

Total minimum lease payments	$	222,033

Equity Incentive Plan (Tables)

12 Months Ended

Jan. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Option Activity and Related Information


	Number of options			Weighted average exercise price		Weighted average remaining contractual term (years)		Aggregate intrinsic value
Outstanding at February 2, 2013		5,152,575		$	6.48
Granted		379,500			6.48
Forfeited		(253,000	)		6.48

Outstanding at February 1, 2014		5,279,075			6.48
Granted		920,000			7.68
Forfeited		(188,600	)		6.57

Outstanding at January 31, 2015		6,010,475			6.66
Granted		1,403,500			13.61
Forfeited		(82,500	)		7.91
Exercised		(339,650	)		6.69

Outstanding at January 30, 2016		6,991,825			8.04		7.4	$	100,060

Exercisable at January 30, 2016		3,013,125			6.55		6.8	$	47,622

Summary of Weighted Average Assumptions

The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model that used the weighted average assumptions in the following table:


	Fiscal Year Ended
	January 30, 2016	January 31, 2015	February 1, 2014
Risk-free interest rate	1.99%	2.22%	1.54%
Expected dividend yield	—	—	—
Expected term (years)	6.25 years	6.5 years	6.5 years
Expected volatility	31.56%	34.80%	36.35%

Segment Reporting (Tables)

12 Months Ended

Jan. 30, 2016

Segment Reporting [Abstract]

Percentage of Net Sales By Merchandise Category

The following table summarizes the percentage of net sales by merchandise category for each year presented:


	Fiscal Year Ended
Sales by merchandise category:	January 30, 2016			January 31, 2015			February 1, 2014
Food		13.2	%		12.5	%		9.0	%
Housewares		13.1			14.7			14.8
Books and stationery		11.5			10.9			12.0
Bed and bath		10.1			10.1			9.9
Floor coverings		8.6			9.6			10.7
Hardware		5.2			5.1			5.5
Toys		4.9			5.1			6.2
Other		33.4			32.0			31.9

		100.0	%		100.0	%		100.0	%

Quarterly results of Operations and Seasonality (Tables)

12 Months Ended

Jan. 30, 2016

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Financial Results

Quarterly financial results for the fiscal year end January 30, 2016 and January 31, 2015 were as follows (in thousands, except for per share data):


	Fiscal year 2015 (1)								Fiscal year 2014
	Fourth Quarter		Third Quarter		Second Quarter		First Quarter		Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Net sales	$	243,402	$	174,565	$	181,933	$	162,470	$	200,665	$	150,005	$	152,910	$	134,395
Gross profit		98,839		69,924		70,058		64,043		79,308		59,595		59,192		55,415
Net income		16,064		6,762		6,352		6,661		12,008		4,851		5,728		4,328
Basic earnings per common share	$	0.27	$	0.12	$	0.13	$	0.14	$	0.25	$	0.10	$	0.12	$	0.09
Diluted earnings per common share	$	0.26	$	0.11	$	0.12	$	0.13	$	0.24	$	0.10	$	0.12	$	0.09

(1)	The sum of the quarterly per share amounts may not equal per share amounts reported for the fiscal year end due to rounding.

Organization and Summary of Significant Accounting Policies - Additional Information (Detail)								12 Months Ended
	Jan. 30, 2016 USD ($) Location States	Jul. 17, 2015 $ / shares shares	Jul. 15, 2015 USD ($) shares	Jun. 17, 2015 shares	Jan. 31, 2015 USD ($)	Feb. 01, 2014 USD ($)	Sep. 28, 2012 USD ($)	Jan. 30, 2016 USD ($) Location States shares	Jan. 31, 2015 USD ($) shares	Feb. 01, 2014 USD ($) shares
Organization And Summary Of Significant Accounting Policies [Line Items]
Sole operating subsidiary acquired amount in cash							$ 700,000,000
Acquisition financed through equity method investment amount							462,600,000
Various debt financing cost							$ 250,000,000
Number of retail locations \| Location	203							203
Retail locations currently located states \| States	17							17
Common stock, Stock split \| shares				115
Impairment of goodwill	$ 0				$ 0	$ 0
Advertising expense								$ 25,800,000	$ 23,100,000	$ 19,700,000
Debt issuance costs, net of accumulated amortization	3,600,000				6,100,000			3,600,000	6,100,000
Amortization expense of debt issuance costs								1,273,000	1,471,000	1,403,000
Original issue discount, net of accumulated amortization	112,000				2,800,000			112,000	2,800,000
Amortization expense of original issue discount								436,000	579,000	643,000
Loss on extinguishment of debt								$ 6,710,000	$ 671,000	$ 1,848,000
Antidilutive securities excluded from computation of earnings per share \| shares								651,400	2,971,140	5,230,200
Trade Names [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Impairment of intangible assets	0				0	0
State and Local Jurisdiction [Member] \| Minimum [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Limitation and remain subject to examination for varying periods								3 years
State and Local Jurisdiction [Member] \| Maximum [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Limitation and remain subject to examination for varying periods								4 years
Allowance for Sales Returns [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Allowance for returns	$ 200,000				$ 200,000	$ 200,000		$ 200,000	$ 200,000	$ 200,000
Common Stock [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Shares issued during period, Shares \| shares		10,263,750						10,264,000
Shares issued price per share \| $ / shares		$ 16.00
IPO [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Shares issued during period, Shares \| shares			8,925,000
Net proceeds after deducting underwriting fees			$ 153,100,000
Underwriting fees			$ 11,100,000
Over-Allotment Option [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Shares issued during period, Shares \| shares		1,338,750

Organization and Summary of Significant Accounting Policies - Useful Lives for Purpose of Computing Depreciation and Amortization (Detail)	12 Months Ended
	Jan. 30, 2016
Software [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	3 years
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	5 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	5 years
Furniture, fixtures, and equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	7 years
Furniture, fixtures, and equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	10 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	Lesser of lease term or useful life

Organization and Summary of Significant Accounting Policies - Reconciliation of Activity Related to Sales Returns Allowance (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Regulatory Assets [Abstract]
Beginning balance	$ 247	$ 207	$ 207
Provisions	30,835	27,292	24,236
Sales returns	(30,835)	(27,252)	(24,236)
Ending balance	$ 247	$ 247	$ 207

Organization and Summary of Significant Accounting Policies - Summary of Effects for Diluted Net Income per Common Share Calculation (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 30, 2016	Oct. 31, 2015	Aug. 01, 2015	May 02, 2015	Jan. 31, 2015	Nov. 01, 2014	Aug. 02, 2014	May 03, 2014	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Earnings Per Share [Abstract]
Net income	$ 16,064	$ 6,762	$ 6,352	$ 6,661	$ 12,008	$ 4,851	$ 5,728	$ 4,328	$ 35,839	$ 26,915	$ 19,541
Weighted average number of common shares outstanding - Basic									53,835	48,202	48,519
Incremental shares from the assumed exercise of outstanding stock options									1,961	407
Weighted average number of common shares outstanding - Diluted									55,796	48,609	48,519
Earnings per common share - Basic	$ 0.27	$ 0.12	$ 0.13	$ 0.14	$ 0.25	$ 0.10	$ 0.12	$ 0.09	$ 0.67	$ 0.56	$ 0.40
Earnings per common share - Diluted	$ 0.26	$ 0.11	$ 0.12	$ 0.13	$ 0.24	$ 0.10	$ 0.12	$ 0.09	$ 0.64	$ 0.55	$ 0.40

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Property and Equipment - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 67,562	$ 53,329
Less accumulated depreciation	(28,270)	(19,403)
Property, plant and equipment, net	39,292	33,926
Furniture, fixtures, and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	58,713	45,770
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	7,530	6,336
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,319	$ 1,223

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 8.9	$ 8.1	$ 8.1
Depreciation And Amortization Expenses [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 7.2	$ 7.0	$ 8.0

Goodwill and Other Intangible Assets - Schedule of Goodwill and Other Intangible Assets (Detail) - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015
Goodwill And Other Intangible Assets [Line Items]
Goodwill	$ 444,850	$ 444,850
Tradename	230,559	230,402
Finite lived intangible assets, accumulated amortization	(1,259)	(1,060)
Intangible Assets, Net (Including Goodwill)	678,204	678,475
Favorable Leases [Member]
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, gross	4,054	4,085
Finite lived intangible assets, accumulated amortization	$ (1,259)	(906)
Customer Database [Member]
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, gross		198
Finite lived intangible assets, accumulated amortization		$ (154)

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Goodwill And Other Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 428	$ 734	$ 1,387
Favorable Leases [Member]
Goodwill And Other Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 400	$ 400	$ 400
Finite-Lived Intangible Assets, Remaining Amortization Period	9 years 4 months 24 days	10 years 1 month 6 days

Goodwill and Other Intangible Assets - Schedule of Estimated Amortization Expense of Intangible Assets (Detail) $ in Thousands	Jan. 30, 2016 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity
January 28, 2017	$ 376
February 3, 2018	338
February 2, 2019	335
February 1, 2020	310
January 30, 2021	281
Thereafter	1,155
Total remaining amortization	$ 2,795

Accrued Expenses - Schedule of Accrued Expenses (Detail) - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015
Payables and Accruals [Abstract]
Accrued compensation and benefits	$ 10,775	$ 8,307
Sales and use taxes	2,278	1,273
Accrued real estate related	2,659	1,631
Accrued insurance	2,605	2,134
Accrued advertising	3,519	3,421
Accrued freight	3,620	2,766
Other	10,117	8,108
Total accrued expenses	$ 35,573	$ 27,640

Debt Obligations and Financing Arrangements - Schedule of Long-term Debt (Detail) - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015
Debt Disclosure [Abstract]
Term loan	$ 199,888	$ 321,287
Capital lease	66
Total cash principal payments, net	199,954	321,287
Less: current portion	(5,018)	(7,794)
Long-term debt	194,936	313,493
Total debt	$ 199,954	$ 321,287

Debt Obligations and Financing Arrangements - Scheduled Principal Payments of Debt (Detail) - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015
Long-term Debt, Fiscal Year Maturity
January 28, 2017	$ 5,018
February 3, 2018	5,019
February 2, 2019	10,029
February 1, 2020	10,000
January 30, 2021	170,000
Total cash principal payments	200,066
Less: Unamortized original issue discount	(112)	$ (2,800)
Total cash principal payments, net	$ 199,954	$ 321,287

Debt Obligations and Financing Arrangements - Additional Information (Detail)								1 Months Ended		12 Months Ended
	Jan. 30, 2016 USD ($)	Jan. 29, 2016 USD ($)	May 27, 2015 USD ($)	Apr. 11, 2014 USD ($)	Feb. 26, 2013 USD ($) shares	Feb. 01, 2013 USD ($)	Sep. 28, 2012 USD ($) Agreement	Jul. 31, 2015 USD ($)	May 31, 2015 USD ($)	Jan. 30, 2016 USD ($)	Jan. 31, 2015 USD ($)	Feb. 01, 2014 USD ($)	May 26, 2015 USD ($)
Line of Credit Facility [Line Items]
Number of credit agreements \| Agreement							2
Maximum borrowing capacity							$ 300,000,000
Payment of original issue discount							2,500,000
Loss on extinguishment of debt										$ 6,710,000	$ 671,000	$ 1,848,000
Retained earnings balance as of dividend date	$ 25,661,000									25,661,000	23,738,000
Dividend recorded as a reduction of additional paid-in capital										48,848,000	57,951,000
Additional Original debt issue discount	112,000									112,000	2,800,000
Borrowings under the credit agreement										858,053,000	674,457,000	471,891,000
Excess cash flow payments	5,018,000									5,018,000	7,794,000
Repayments on revolving credit facility										$ 858,053,000	674,457,000	471,891,000
Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt issuance costs written off								$ 1,500,000
Debt original issue discount written off								800,000
Term Loan [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity							225,000,000
Term Loan [Member] \| Line of Credit [Member]
Line of Credit Facility [Line Items]
Additional principal amount allowed					$ 50,000,000
Debt Issuance cost					2,200,000
Additional original issue discount					1,800,000
Loss on extinguishment of debt					400,000
Amount available under Term Loan to distribute cash dividend to common shareholders					$ 46,200,000
Share repurchase \| shares					4,999,625
Debt issuance costs				$ 2,000,000	$ 1,600,000
Deferred debt financing fees recognized				1,300,000	1,100,000
Debt issuance costs recognized in general and administrative expenses				300,000	500,000
Dividend recorded as a reduction of retained earnings				23,600,000
Retained earnings balance as of dividend date				0
Dividend recorded as a reduction of additional paid-in capital				34,400,000
Additional Original debt issue discount				400,000
Repayments on term loan								103,100,000
New Term Loan [Member]
Line of Credit Facility [Line Items]
Credit Facility		$ 200,000,000
Debt instrument, quarterly payment, principal	1,250,000
Debt instrument, quarterly payment, commencing date										Apr. 29, 2016
Debt instrument, increase in principal quarterly payment,	$ 2,500,000
Interest rate on outstanding borrowings										2.68%
New Term Loan [Member] \| 30-Day Eurodollar Rate [Member]
Line of Credit Facility [Line Items]
Credit Facility interest rate	2.25%
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity							$ 75,000,000
Credit Facility maximum borrowing capacity			$ 125,000,000										$ 75,000,000
Borrowings under the credit agreement			50,000,000						$ 50,000,000
Payment of cash dividend			48,800,000						$ 48,800,000
Revolving Credit Facility [Member] \| Line of Credit [Member]
Line of Credit Facility [Line Items]
Dividend recorded as a reduction of retained earnings			33,900,000
Retained earnings balance as of dividend date			0
Dividend recorded as a reduction of additional paid-in capital			$ 14,900,000
Repayments on revolving credit facility								$ 50,000,000
Term Loan, Second Amendment [Member]
Line of Credit Facility [Line Items]
Description regarding additional principal amount allowed under Term Loan										The primary purpose of the additional term loan borrowing was to distribute $58.0 million as a cash dividend to common shareholders as consented by the original Term Loan lenders.
Term Loan, Second Amendment [Member] \| Term Loan [Member] \| Line of Credit [Member]
Line of Credit Facility [Line Items]
Additional principal amount allowed				60,000,000
Amount available under Term Loan to distribute cash dividend to common shareholders				58,000,000
Increase in debt issuance cost				400,000
Increase in original issue discount				$ 200,000
Debt Instrument, Frequency of Periodic Payment										27 consecutive quarterly payments
Debt Instrument, Periodic Payment						$ 800,000
Excess cash flow payments											4,400,000
Term Loan Amendment [Member] \| Term Loan [Member] \| Line of Credit [Member]
Line of Credit Facility [Line Items]
Increase in debt issuance cost					1,100,000
Increase in original issue discount					$ 400,000
New Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit Facility maximum borrowing capacity	$ 100,000,000									$ 100,000,000
Credit Facility	$ 200	100,000,000								$ 200
Credit Facility maximum borrowing capacity, percentage	90.00%									90.00%
Borrowings available under credit facility	$ 97,400,000									$ 97,400,000
Letter of credit commitments	2,400,000									2,400,000
Rent reserves	$ 200,000									200,000
Unused line of credit fees										$ 400,000	$ 200,000	$ 200,000
New Revolving Credit Facility [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Credit Facility, variable unused line fee	0.25%
New Revolving Credit Facility [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Credit Facility, variable unused line fee	0.375%
New Revolving Credit Facility [Member] \| Letters of Credit [Member]
Line of Credit Facility [Line Items]
Credit Facility current borrowing capacity		25,000,000
New Revolving Credit Facility [Member] \| Swingline Loans Facility [Member]
Line of Credit Facility [Line Items]
Credit Facility current borrowing capacity		25,000,000
Senior Secured Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt issuance costs		2,100,000
Deferred debt financing fees recognized		2,000,000
Debt issuance costs recognized in general and administrative expenses		100,000
Increase in debt issuance cost		2,900,000
Increase in original issue discount		$ 1,400,000
Credit facility maturity date										Jan. 29, 2021
Interest rate for the New Credit Facilities										The interest rates for the New Credit Facilities are not subject to a floor and are calculated as the higher of the Prime Rate, the Federal Funds Effective Rate plus 0.50% or the Eurodollar Rate plus 1.0%, plus the Applicable Margin, or, for Eurodollar Loans, the Eurodollar Rate plus the Applicable Margin. The Applicable Margin will vary from 0.75% to 1.25% for a Base Rate Loan and 1.75% to 2.25% for a Eurodollar Loan, based on reference to the total leverage ratio.
Senior Secured Credit Facility [Member] \| Federal Funds Effective [Member]
Line of Credit Facility [Line Items]
Credit Facility interest rate		0.50%
Senior Secured Credit Facility [Member] \| Eurodollar [Member]
Line of Credit Facility [Line Items]
Credit Facility interest rate		1.00%
Senior Secured Credit Facility [Member] \| Eurodollar [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Applicable margin		1.75%
Senior Secured Credit Facility [Member] \| Eurodollar [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Applicable margin		2.25%
Senior Secured Credit Facility [Member] \| Base Rate [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Applicable margin		0.75%
Senior Secured Credit Facility [Member] \| Base Rate [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Applicable margin		1.25%

Income Taxes - Components of Income Tax Provision (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Components of income tax expense (benefit)
Current federal income tax expense (benefit)	$ 19,625	$ 16,760	$ 11,501
Current state income tax expense (benefit)	3,713	3,422	2,989
Current income tax expense (benefit)	23,338	20,182	14,490
Deferred federal income tax expense (benefit)	(849)	(2,114)	(2,122)
Deferred state income tax expense (benefit)	(882)	(1,305)	(1,091)
Deferred income tax expense (benefit)	(1,731)	(3,419)	(3,213)
Income tax expense	$ 21,607	$ 16,763	$ 11,277

Income Taxes - Reconciliation of Effective Income Tax Rate (Detail)	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Effective income tax rate reconciliation
Statutory federal rate	35.00%	35.00%	35.00%
State taxes, net of federal benefit	3.20%	3.20%	4.00%
Other	(0.60%)	0.20%	(2.40%)
Effective income tax rate	37.60%	38.40%	36.60%

Income Taxes - Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015
Deferred tax assets:
Inventory reserves	$ 1,236	$ 858
Deferred rent	1,815	1,091
Stock-based compensation	4,753	3,254
Other	3,918	3,163
Total deferred tax assets	11,722	8,366
Deferred tax liabilities:
Depreciation	(8,217)	(6,250)
Leases	(1,007)	(1,051)
Total deferred tax liabilities	(98,893)	(97,456)
Net deferred tax liabilities	(87,171)	(89,090)
Trade Names [Member]
Deferred tax liabilities:
Intangibles	$ (89,669)	(90,138)
Noncompetition Agreements [Member]
Deferred tax liabilities:
Intangibles		$ (17)

Commitments and Contingencies - Additional Information (Detail)	12 Months Ended
	Jan. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Lease terms	5 years

Commitments and Contingencies - Schedule of Rent Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Commitments and Contingencies Disclosure [Abstract]
Minimum annual rentals	$ 32,263	$ 28,707	$ 25,133
Contingent rentals	123	78	140
Operating Leases, Rent Expense, Net, Total	$ 32,386	$ 28,785	$ 25,273

- Definition

The increases or decreases in lease payments that result from changes occurring after the inception of the lease in the factors (other than the passage of time) on which lease payments are based, except that any escalation of minimum lease payments relating to increases in construction or acquisition cost of the leased property or for increases in some measure of cost or value during the construction or preconstruction period, are excluded from contingent rentals. Contingent rentals also may include amounts for which the triggering events have not yet occurred or the specified targets for which have not yet been achieved (such as sales based percentage rent), but which events are considered probable of occurring or which specified targets are considered probable of being achieved.

+ References + Details

Commitments and Contingencies - Schedule of Future Minimum Rental Payments Required Under Non-cancelable Operating Leases (Detail) $ in Thousands	Jan. 30, 2016 USD ($)
Operating leases, future minimum payments due, fiscal year maturity
January 28, 2017	$ 39,490
February 3, 2018	38,242
February 2, 2019	35,254
February 1, 2020	30,391
January 30, 2021	24,430
Thereafter	54,226
Total minimum lease payments	$ 222,033

Equity Incentive Plan - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended		12 Months Ended
	May 27, 2015	May 31, 2015	Apr. 30, 2014	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013	Jul. 15, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Income tax benefit				$ (21,607)	$ (16,763)	$ (11,277)
Proceeds from issuance of debt			$ 60,000	200,000	59,592	47,756
Option exercise price			$ 7.49
Option exercise price			$ 8.70
Borrowings under the credit agreement				$ 858,053	$ 674,457	$ 471,891
Option exercise price reduced per share		$ 1.00
Weighted average grant date fair value per option for options granted				$ 5.05	$ 3.57	$ 3.38
Revolving Credit Facility [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Borrowings under the credit agreement	$ 50,000	$ 50,000
Payment of cash dividend	$ 48,800	$ 48,800
Share Based Award Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Income tax benefit					$ 1,900	$ 1,400	$ 1,300
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost					5,000	3,800	$ 3,400
2012 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for options				5 years
Options granted, expiration period				10 years
Common stock available for grant								0
2012 Plan [Member] \| Annual Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage of options				20.00%
2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for options				4 years
Options granted, expiration period				10 years
Common stock available for grant				4,668,150
2015 Plan [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under equity incentive plan				5,250,000
2015 Plan [Member] \| Annual Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage of options				25.00%
2012 and 2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost related to non-vested stock-based compensation arrangements granted				$ 13,300	$ 11,800	$ 12,800
Cost expected to be recognized over weighted average period				2 years 10 months 24 days	3 years 10 months 24 days	4 years 2 months 12 days

Equity Incentive Plan - Summary of Stock Option Activity and Related Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of options, Outstanding, Beginning Balance	6,010,475	5,279,075	5,152,575
Number of options, Granted	1,403,500	920,000	379,500
Number of options, Forfeited	(82,500)	(188,600)	(253,000)
Number of options, Exercised	(339,650)
Number of options, Outstanding, Ending Balance	6,991,825	6,010,475	5,279,075
Weighted average exercise price, Outstanding, Beginning Balance	$ 6.66	$ 6.48	$ 6.48
Number of options, Exercisable	3,013,125
Weighted average exercise price, Granted	$ 13.61	7.68	6.48
Weighted average exercise price, Forfeited	7.91	6.57	6.48
Weighted average exercise price, Exercised	6.69
Weighted average exercise price, Outstanding, Ending Balance	8.04	$ 6.66	$ 6.48
Weighted average exercise price, Exercisable	$ 6.55
Weighted average remaining contractual term (years), Outstanding	7 years 4 months 24 days
Weighted average remaining contractual term (years), Exercisable	6 years 9 months 18 days
Aggregate intrinsic value outstanding	$ 100,060
Aggregate intrinsic value exercisable	$ 47,622

Equity Incentive Plan - Summary of Weighted Average Assumptions (Detail)	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk-free interest rate	1.99%	2.22%	1.54%
Expected dividend yield	0.00%	0.00%	0.00%
Expected term (years)	6 years 3 months	6 years 6 months	6 years 6 months
Expected volatility	31.56%	34.80%	36.35%

Employee Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Compensation and Retirement Disclosure [Abstract]
Employer matching contributions	$ 200,000	$ 200,000	$ 200,000
Employee's contribution, Maximum	25.00%
Employer matching contributions, percent of employee's annual compensation, maximum	6.00%
Employer matching contributions, vesting period	6 years
Discretionary contributions	$ 0	$ 300,000	$ 200,000

Common Stock - Additional Information (Detail) - $ / shares	Jan. 30, 2016	Jul. 15, 2015	Jan. 31, 2015
Common Stock [Line Items]
Common stock, Shares authorized	500,000,000	500,000,000	0
Common stock, Par value	$ 0.001	$ 0.001	$ 0.001
Preferred stock, Shares authorized	50,000,000	50,000,000	0
Preferred stock, Par value	$ 0.001	$ 0.001	$ 0.001
Common Stock Class A [Member]
Common Stock [Line Items]
Common stock, Shares authorized	0		85,000,000
Common stock, Par value	$ 0.001		$ 0.001
Common stock share	5,750		2,875
Common stock, share price	$ 9.99		$ 9.99

Transactions with Affiliates and Related Parties - Additional Information (Detail) $ in Millions	12 Months Ended
	Jan. 30, 2016 USD ($) Lease	Jan. 31, 2015 USD ($)	Feb. 01, 2014 USD ($)
Operating Leases From Related Party [Member]
Related Party Transaction [Line Items]
Number of non-cancelable operating leases with related parties \| Lease	5
Rent payments to related parties	$ 1.2
Use of Airplane [Member]
Related Party Transaction [Line Items]
Payment to related party	$ 0.2	$ 0.2	$ 0.1

Segment Reporting - Additional Information (Detail)	12 Months Ended
Segment Reporting - Additional Information (Detail)	Jan. 30, 2016 Segment
Segment Reporting [Abstract]
Number of operating segments	1

Segment Reporting - Percentage of Net Sales by Merchandise Category (Detail) - Customer Concentration Risk [Member]	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Food [Member]
Segment Reporting Information [Line Items]
Sales percentage	13.20%	12.50%	9.00%
Housewares [Member]
Segment Reporting Information [Line Items]
Sales percentage	13.10%	14.70%	14.80%
Books And Stationery [Member]
Segment Reporting Information [Line Items]
Sales percentage	11.50%	10.90%	12.00%
Bed And Bath [Member]
Segment Reporting Information [Line Items]
Sales percentage	10.10%	10.10%	9.90%
Floor Coverings [Member]
Segment Reporting Information [Line Items]
Sales percentage	8.60%	9.60%	10.70%
Hardware [Member]
Segment Reporting Information [Line Items]
Sales percentage	5.20%	5.10%	5.50%
Toys [Member]
Segment Reporting Information [Line Items]
Sales percentage	4.90%	5.10%	6.20%
Other [Member]
Segment Reporting Information [Line Items]
Sales percentage	33.40%	32.00%	31.90%
Sales Revenue, Net [Member]
Segment Reporting Information [Line Items]
Sales percentage	100.00%	100.00%	100.00%

Quarterly Results of Operations and Seasonality - Summary of Quarterly Financial Results (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 30, 2016	Oct. 31, 2015	Aug. 01, 2015	May 02, 2015	Jan. 31, 2015	Nov. 01, 2014	Aug. 02, 2014	May 03, 2014	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 243,402	$ 174,565	$ 181,933	$ 162,470	$ 200,665	$ 150,005	$ 152,910	$ 134,395	$ 762,370	$ 637,975	$ 540,718
Gross profit	98,839	69,924	70,058	64,043	79,308	59,595	59,192	55,415	302,864	253,510	216,810
Net income	$ 16,064	$ 6,762	$ 6,352	$ 6,661	$ 12,008	$ 4,851	$ 5,728	$ 4,328	$ 35,839	$ 26,915	$ 19,541
Basic earnings per common share	$ 0.27	$ 0.12	$ 0.13	$ 0.14	$ 0.25	$ 0.10	$ 0.12	$ 0.09	$ 0.67	$ 0.56	$ 0.40
Diluted earnings per common share	$ 0.26	$ 0.11	$ 0.12	$ 0.13	$ 0.24	$ 0.10	$ 0.12	$ 0.09	$ 0.64	$ 0.55	$ 0.40

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Subsequent Events - Additional Information (Detail) - USD ($)				12 Months Ended
	Feb. 19, 2016	Feb. 18, 2016	Jul. 17, 2015	Jan. 30, 2016
Subsequent Event [Line Items]
Proceeds from secondary offering				$ 149,806,000
Stock options exercised, shares				339,650
Proceeds from exercise of stock options				$ 2,271,000
Common Stock [Member]
Subsequent Event [Line Items]
Shares issued during period, Shares			10,263,750	10,264,000
Shares issued price per share			$ 16.00
Stock options exercised, shares				335,000
Over-Allotment Option [Member]
Subsequent Event [Line Items]
Shares issued during period, Shares			1,338,750
Subsequent Events [Member]
Subsequent Event [Line Items]
Shares issued during period, Shares		7,873,063
Stock options exercised, shares		1,152,500
Proceeds from exercise of stock options		$ 7,500,000
Subsequent Events [Member] \| Common Stock [Member]
Subsequent Event [Line Items]
Shares issued during period, Shares	9,054,022
Shares issued price per share		$ 19.75
Proceeds from secondary offering		$ 0
Subsequent Events [Member] \| Over-Allotment Option [Member]
Subsequent Event [Line Items]
Shares issued during period, Shares	1,180,959

Schedule I - Condensed Financial Information of Registrant Ollie's Bargain Outlet Holdings, Inc. (parent company only) Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014	Feb. 02, 2013
Assets
Total current assets	$ 223,806	$ 198,277
Long-term assets:
Total assets	945,325	917,131
Liabilities and stockholders' equity
Total current liabilities	96,768	90,634
Total liabilities	383,376	500,296
Stockholders' equity:
Common stock	59
Additional paid-in capital	536,315	393,078
Retained earnings	25,661	23,738
Treasury stock, at cost	86	29
Total stockholders' equity	561,949	416,835	$ 444,139	$ 467,356
Total liabilities and stockholders' equity	945,325	917,131
Ollie's Bargain Outlet, Inc. [Member]
Assets
Total current assets	0	0
Long-term assets:
Investment in subsidiaries	561,949	416,835
Total assets	561,949	416,835
Liabilities and stockholders' equity
Total current liabilities	0	0
Total long-term liabilities	0	0
Total liabilities	0	0
Stockholders' equity:
Common stock	59	48
Additional paid-in capital	536,315	393,078
Retained earnings	25,661	23,738
Treasury stock, at cost	(86)	(29)
Total stockholders' equity	561,949	416,835
Total liabilities and stockholders' equity	$ 561,949	$ 416,835

Schedule I - Condensed Financial Information of Registrant Ollie's Bargain Outlet Holdings, Inc. (parent company only) Condensed Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 30, 2016	Oct. 31, 2015	Aug. 01, 2015	May 02, 2015	Jan. 31, 2015	Nov. 01, 2014	Aug. 02, 2014	May 03, 2014	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Net sales	$ 243,402	$ 174,565	$ 181,933	$ 162,470	$ 200,665	$ 150,005	$ 152,910	$ 134,395	$ 762,370	$ 637,975	$ 540,718
Cost of sales									459,506	384,465	323,908
Gross profit	98,839	69,924	70,058	64,043	79,308	59,595	59,192	55,415	302,864	253,510	216,810
Selling, general and administrative expenses									209,783	178,832	153,807
Depreciation and amortization expenses									7,172	6,987	8,011
Pre-opening expenses									6,337	4,910	4,833
Operating income									79,572	62,781	50,159
Interest expense, net									15,416	18,432	17,493
Income before income taxes and equity in net income of subsidiaries									57,446	43,678	30,818
Income tax expense									21,607	16,763	11,277
Net income	$ 16,064	$ 6,762	$ 6,352	$ 6,661	$ 12,008	$ 4,851	$ 5,728	$ 4,328	35,839	26,915	19,541
Ollie's Bargain Outlet, Inc. [Member]
Net sales									0	0	0
Cost of sales									0	0	0
Gross profit									0	0	0
Selling, general and administrative expenses									0	0	0
Depreciation and amortization expenses									0	0	0
Pre-opening expenses									0	0	0
Operating income									0	0	0
Interest expense, net									0	0	0
Income before income taxes and equity in net income of subsidiaries									0	0	0
Income tax expense									0	0	0
Income before equity in net income of subsidiaries									0	0	0
Net income of subsidiaries									35,839	26,915	19,541
Net income									$ 35,839	$ 26,915	$ 19,541

Schedule I - Condensed Financial Information of Registrant Ollie's Bargain Outlet Holdings, Inc. (parent company only) - Additional Information (Detail)	12 Months Ended
	Jan. 30, 2016 USD ($)
New Revolving Credit Facility [Member]
Credit Facility maximum borrowing capacity	$ 100,000,000
Ollie's Bargain Outlet, Inc. [Member] \| New Revolving Credit Facility [Member]
Credit Facility maximum borrowing capacity	$ 97,400,000
Debt instrument maturity date	Jan. 29, 2021
New Term Loan [Member] \| Ollie's Bargain Outlet, Inc. [Member]
Non controlling interest, outstanding amount	$ 200,000,000
Debt instrument maturity date	Jan. 29, 2021